The U.S. Census Bureau collects sales and inventory data from wholesalers nationwide each month. In the “Monthly Wholesale Trade” survey, B2B Excludes sellers, distributors, exporters, and importers. Makerrefiners and miners sell their own products.
According to the Census Bureau, the survey “provides business leaders and policymakers with a current assessment of the nation’s economic condition and plays a critical role in estimating quarterly gross domestic product.”
February 2024 US Wholesale Revenue (PDF) was $673.7 billion, an increase of 2.3% and 0.6% from $658.4 billion in the previous month and $669.3 billion in February 2023, respectively.
Wholesale inventory is the inventory of unsold products. stock It is an important factor in changes in gross domestic product. A high inventory count indicates a slowing economy, while a low inventory count indicates strong growth.
U.S. wholesale inventories in February 2024 were $901.1 billion, up slightly from $896.5 billion in January and down from $918.8 billion a year ago.
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According to the data, US wholesale inventories decreased by 0.4% month-on-month in March 2024.
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Furthermore, as of March 2024, approximately 6.2 million people are employed in the wholesale trade in the United States.
